Question

which of these statements regarding u.s. trade are true?correct answer(s)the u.s. has an overall trade deficit.press space to openthe largest u.s. trading partner in terms of goods imports is also its largest trading partner in terms of goods exports.press space to openthe united states has a trade deficit with every single nation it trades with.

Answer 1

The U.S. has an overall trade deficit. The largest trading partner varies for the United States. The U.S. does not have a trade deficit with every single nation it trades with.

Step-by-step explanation:

The correct statement regarding U.S. trade is that the U.S. has an overall trade deficit. A trade deficit occurs when the value of a country's imports exceeds the value of its exports. In recent years, the U.S. has consistently run trade deficits.

However, it is not true that the largest U.S. trading partner in terms of goods imports is also its largest trading partner in terms of goods exports. The largest trading partner in terms of goods imports and exports varies for the United States.

It is also not true that the United States has a trade deficit with every single nation it trades with. While the U.S. does have trade deficits with many countries, it also has trade surpluses with some nations.